LEE E. BUCHWALD BUCHWALD CAPITAL ADVISORS LLC 380 Lexington Avenue, 17 th Floor New York, NY

Transcription

1 LEE E. BUCHWALD BUCHWALD CAPITAL ADVISORS LLC 380 Lexington Avenue, 17 th Floor New York, NY Tel: (212) Fax: (212) PROFESSIONAL BUCHWALD CAPITAL ADVISORS LLC, New York, NY 2001-Present EXPERIENCE President Founder and principal of investment banking firm specializing in financial restructuring, fiduciary and advisory services. Managed over 120 transactions during thirty-five year career in investment banking. Serving as a trustee, independent director and providing litigation support and expert testimony. Providing senior-level personalized advice to companies, creditors and other parties-in-interest regarding bankruptcies, restructurings, acquisitions and dispositions. CHANIN CAPITAL PARTNERS, New York, NY Managing Director Co-managed New York office of investment bank specializing in financial restructuring advisory services. Advised unsecured creditors, secured creditors and corporations in chapter 11 reorganizations and financial restructurings. SALOMON BROTHERS INC., New York, NY Director, Mergers and Acquisitions Senior investment banker in charge of development and execution of domestic and international restructuring /M&A transactions. Advised corporations regarding financial and corporate restructurings, troubled company acquisitions, strategic business combinations and divestitures. ROTHSCHILD INC., New York, NY Managing Director, Corporate Finance Advised clients on financial and operational restructurings, mergers and acquisitions, divestitures, privatizations, and raising capital through public and private securities placements. Through a broad range of transactions developed extensive knowledge of the aerospace, building products, financial services, manufacturing, pharmaceutical, retail, steel, transportation and utilities industries. Took a leading role in developing one of the most prominent restructuring practices in the country. In completing 30 restructuring assignments, became skilled at efficiently analyzing companies problems, assessing values, and developing, negotiating and implementing reorganization plans to maximize clients recoveries. SMITH BARNEY, HARRIS UPHAM & COMPANY, INC., New York, NY Analyst, Public Finance Department WILLIAM E. HILL & COMPANY, New York, NY Research Associate, Management Consulting MCKINSEY & COMPANY, INC., New York, NY Research Assistant EDUCATION COLUMBIA BUSINESS SCHOOL, New York, NY MBA, Finance, 1982 COLUMBIA COLLEGE, New York, NY BA, Economics, 1978

2 LEE E. BUCHWALD Page 1 of IMC Disbursing Trust Post-reorganization Disbursing Trustee for Interfaith Medical Center, Inc., Brooklyn, NY BHO Liquidating Trust Liquidating Trustee for international shipping company Diversified Terra Holdings Ltd. Director of real estate and oil and gas investment fund New Stream Secured Capital Wind Down Oversight Committee Member of Committee overseeing the disposition of real estate, operating and financial assets New Stream Class 2 Creditors Liquidating Trust Liquidating Trustee for hedge fund investors NYTEX FDF Acquisition, Inc. Independent Dir. of sub. of publicly-held oilfield svcs. company: NYTEX Energy Holdings Greektown Distribution Trust Liquidating Trustee for casino company Greektown Litigation Trust Litigation Trustee for casino company Midway Liquidating Trust Liquidating Trustee for video game publisher Luxury Resort Investment Holding Company Independent Director Real Estate Financing Company Advisor to Indenture Trustee Friedman s Liquidating Trust Liquidating Trustee for jewelry retailer Crescent Liquidating Trust Liquidating Trustee for jewelry retailer Cherokee International Corporation Financial advisor regarding restructuring of senior notes Friedman s Inc. President, CEO and Sole Director of liquidating jewelry retailer M. Fabrikant & Sons, Inc. Liquidating Trustee for General Unsecured Creditors Trust of diamond wholesaler Class Action Litigation Consulting expert for plaintiffs Four Points Corporation Advisor to secured creditor Union Bank of Israel Ltd Mal Dunn Associates, Inc. Advisor to Board of Directors regarding proposed management buyout Xerox Corporation Expert witness in class action securities litigation Underhill Investment Corporation Expert witness in litigation against Fixed Income Discount Advisory Company Berry-Hill Galleries, Inc. Post-confirmation Creditors Representative The Arundel Group Expert witness in litigation against Liquid Realty Partners, LLC Heartland Partners, L.P. Advisor to The Lightstone Group regarding acquisition of Heartland Partners, L.P ASARCO LLC Advisor to The Lightstone Group regarding acquisition of ASARCO LLC Contract Trucking Company Expert witness in arbitration proceeding Pameco Liquidating Trust Liquidating Trustee for HVAC and refrigeration systems company Large International Industrial Products Manufacturer Consulting expert in fraudulent conveyance litigation McCann, Inc. Court-appointed Trustee for construction company Electro Mechanical Solutions, Inc. Expert witness in fraudulent conveyance litigation on behalf of Liquidating Trustee Solutia Inc. Advisor to Indenture Trustee in Chapter 11 reorganization.

3 LEE E. BUCHWALD Page 2 of Magnesium Corporation of America, et al. Court-appointed Trustee for magnesium producer HLI Creditor Trust Member of the Trust Advisory Board established in restructuring of Hayes Lemmerz Int l., Inc Bonjour Group LLP Advisor regarding acquisition of long-term license for branded apparel Jasper Energy LLC Member of the Board of Managers of this energy project development company Simcala, Inc. Purchaser representative for security holders in prepackaged Chapter 11 reorganization AWF Liquidation Corp. Expert witness on behalf of Chapter 7 Trustee York Research Corporation Member of the Unsecured Creditors Committee WCI Cable, Inc. Expert witness and advisor to competing plan proponent Notesan Pty. Ltd North American Energy Conservation, Inc. Court-appointed Trustee for natural gas marketing company AEI Resources Holding, Inc. Purchaser representative for security holders in prepackaged Chapter 11 reorganization RSL Communications, PLC Consulting expert and expert witness for Indenture Trustee in fraudulent conveyance litigation Ames Department Stores, Inc. Advisor to Indenture Trustee in Chapter 11 reorganization Pioneer Window Holdings, Inc. Advisor to secured lenders to window manufacturer Ovation, Inc. Advisor regarding proposed sale of cable television network Lechters, Inc. Advisor to Indenture Trustee in Chapter 11 reorganization Converse, Inc. Advisor to Unsecured Creditors Committee in Chapter 11 reorganization Drypers Corp. Advisor to Unsecured Creditors Committee in Chapter 11 reorganization Fruit of the Loom, Inc. Advisor to Unsecured Creditors Committee in Chapter 11 reorganization Safety-Kleen Corp. Advisor to Unsecured Creditors Committee in Chapter 11 reorganization Stone & Webster, Inc. Advisor to Unsecured Creditors Committee in Chapter 11 reorganization LSB Industries, Inc. Financial restructuring of chemicals and climate controls manufacturer Mariner Post-Acute Network, Inc. Advisor to Unsecured Creditors Committee in Chapter 11 reorganization Safety Components International, Inc. Advisor to noteholders committee in restructuring of airbag company Wright Medical Technology, Inc. Advisor to noteholders committee in restructuring and sale of company Philip Services Corp. Advisor to creditors in Chapter 11 reorganization Cherrydale Farms, Inc. Sale through Chapter 11 of candy manufacturer Zeta Consumer Products Corp. Advisor to creditors in restructuring of consumer plastics company PennCorp Financial Group, Inc. Financial restructuring of insurance holding company Multi-billion dollar HMO Divestitures of non-core operations Large multi-media publishing and broadcasting company Potential acquisition of troubled children s book publisher Colonial Gas Co. Acquisition by Eastern Enterprises Inc Hyosung Industries Co. Power Systems Division Divestiture and restructuring of Korean power equipment maker European based aircraft lessor Potential acquisition by large US multi-line lessor.

4 LEE E. BUCHWALD Page 3 of TelecomAsia Financial restructuring of major Thai telecom company Asian based sanitary products manufacturer Potential three-way merger with two US based manufacturers Maine Yankee Atomic Power Co. Financial restructuring Casmyn Corp. Restructuring of highly dilutive convertible preferred stock Today s Man, Inc. Chapter 11 reorganization Northeast Utilities, Inc. Financial restructuring Vermont Electric Cooperative, Inc. Chapter 11 reorganization Niagara Mohawk Power Co. Advisor to lenders to independent power producers Color Tile, Inc. Advisor to creditors committee in Chapter 11 reorganization El Paso Electric Co. Advisor to mortgage bondholders in Chapter 11 reorganization Fiji Posts and Telecommunications Analysis of privatization of telecom system GAF Corp. Advisor in litigation regarding acquisition of roofing business O Brien Environmental Energy, Inc. Advisor to creditors committee in Chapter 11 reorganization Government of Bermuda Private placement of Bermuda s first agency-rated sovereign debt Hexcel Corp. Advisor to equity committee in Chapter 11 reorganization New York Water Authority Analysis of privatization of water system Long Island Power Authority Proposed acquisition of LILCO Off-price clothing retailer Potential going-private transaction Southern Co. Advisor regarding potential acquisition of Jamaica Public Service Company First Capital Holdings Corp. Advisor to creditors committee in Chapter 11 reorganization Great Bay Power Corp. Advisor to NU and United Illuminating Co. in Chapter 11 reorganization Grumman Corp. acquisition by Northrop Corp. Advisor to Grumman s largest shareholder, its employee benefits plan JWP Corp. (renamed Emcor) Advisor to creditors and equity holders committee in Chapter 11 reorganization Lone Star Industries, Inc. Advisor to Committee of Retired Employees in Chapter 11 reorganization Paramount Communications Inc. Acquisition of Macmillan Inc Brooke Group, Inc. Advisor to contingent value rights holders litigants Continental Airlines Holdings, Inc. Advisor to equity holders committee in Chapter 11 reorganization First City Industries, Inc. (renamed Harrowstown) Advisor to subordinated noteholders in prepackaged Chapter Florida Steel Corp. Advisor to debt holders on tender offer by Kyoei Steel Ltd Mutual Benefit Life Insurance Co. Advisor to GIC and GAC holders in rehabilitation proceeding National Medical Enterprises, Inc. Advisor to counsel for class action litigants Harvard Industries, Inc. Advisor to debenture holders committee in Chapter 11 reorganization International Controls Corp. Advisor to debt holders in attempted out-of-court restructuring.

5 LEE E. BUCHWALD Page 4 of Revco D.S. Inc. Advisor to major preferred stockholder in Chapter 11 reorganization Interco Inc. Advisor to bondholders committee prior to Chapter 11 filing Meritor Saving Bank Advisor to committee of note holders in negotiating exchange offer Public Service Company of New Hampshire Advisor to equity holders committee in Chapter 11 reorganization Eastern Airlines, Inc. Advisor to preferred shareholders committee in Chapter 11 reorganization K-H Corp. (formerly Fruehauf Corp.) Advisor to bondholders and preferred stockholders in sale to Varity LDBrinkman Corp. Sale of carpet retailing subsidiary to John D. Crowther Group PLC AH Robins Co. Advisor to equity committee in Chapter 11 reorg. resulting in sale to American Home Products Continental Airlines, Inc. Advisor to public debt holders in Chapter 11 reorganization Hanson Group PLC Acquisition of SCM Corp Revere Copper and Brass, Inc. Acquisition by private investor group Biocraft Laboratories, Inc. IPO of generic drug manufacturer First City Properties, Inc. Acquisition of Scovill Inc Peabody International, Inc. Merger with Pullman Company to form Pullman-Peabody Company Revere Copper and Brass, Inc. Advisor to equity committee in Chapter 11 reorganization RIHT Financial Corp. Acquisition by Bank of Boston Wolfe Family Trust Valuation of private multi-media and securities businesses in Ohio General Oriental Securities, Ltd. Advisor to Sir James Goldsmith in bid for Continental Group Inc N.A. Woodworth Co. Acquisition by Illinois Tool Works of privately held machine tool company Anglo Energy, Ltd. (renamed Nabors Industries) Advisor to subordinated debenture holders in Chapter 11 reorganization Cadence Industries Corp. Buy-out by management group of this publishing company PennCorp Financial Corp. Acquisition by American Can Company Shelter Resources Corp. Sale of Cole Consumer Products division as part of Chapter 11 reorganization.